Zimbabwe’s $1 billion lithium plan faces setback as Chinese partner cuts stake

South Africa’s Moti Group said a Chinese company with which it planned to develop a lithium processing plant was halving its stake in the venture.

Bloomberg News | July 19, 2023 | 8:28 am

Explorer Victor Vescovo says deep sea mining numbers don’t add up

Vescovo in 2019 became the first person to venture to the deepest trenches in the world’s five oceans.

Bloomberg News | July 18, 2023 | 2:49 pm

Fortescue hit by cyber attack that saw network data disclosed

The Australian iron ore miner said hack occurred on May 28 and noted data disclosed "was not confidential in nature".

Bloomberg News | July 18, 2023 | 9:48 am

It’s carmakers against miners in battle over China-funded metals

Automakers argue they need more leeway on the rules because it’s currently impossible to produce EV batteries without inputs that have at least some Chinese ownership, while US materials producers contend the domestic supply chain won’t succeed if China’s playing a role.

Bloomberg News | July 18, 2023 | 9:38 am

UAE delegation signs $1.9 billion mining partnership with Congo

The partnership will make it possible to set up more than four industrial mines, the president’s office said.

Bloomberg News | July 18, 2023 | 9:05 am

EU courts further controversy by adding mining to green rulebook

The move comes as the EU tries to re-shore clean technology from the US and China to meet its climate goals amid growing geopolitical tensions.

Bloomberg News | July 18, 2023 | 8:56 am

Anglo American Platinum profit slumps on metal prices

First-half profit likely fell as much as 75% due to lower metal prices, the company said.

Bloomberg News | July 17, 2023 | 10:31 am

Biden’s energy funds fall behind schedule over China scrutiny

Just four companies have received the money available through the Bipartisan Infrastructure Law and the Inflation Reduction Act.

Bloomberg News | July 17, 2023 | 7:07 am

Detroit of Asia targets battery makers to stay ahead in EV race

Thailand has set a target for 30% of its car production to be clean vehicles by 2030.

Bloomberg News | July 17, 2023 | 6:46 am

China’s limits on chip metals self-defeating, Sullivan says

White House National Security Adviser Jake Sullivan said that countries will find ways to reduce dependencies if China controls the exports of gallium and germanium.

Bloomberg News | July 16, 2023 | 10:37 am

Vedanta in advanced stage of deal with Zambia over copper mine

Vedanta Resources said it has reached an “advanced stage” of executing agreements with the Zambian government over Konkola Copper Mines.

Bloomberg News | July 16, 2023 | 10:23 am

Glencore, Anglo join South Africa in $1.5 billion water plan to supply mines and communities

Glencore and Anglo American Platinum are among the companies attempting to secure half of that amount in financing by the end of the year.

Bloomberg News | July 14, 2023 | 9:52 am

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